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Utopia or bust

My book on the economic history of the twentieth century, published last fall, did not include a chapter on the question of the future or “what we should do next,” because my frequent co-author, Steph ...More

EJ Insight2023-02-06

Japan’s strategic imperative

Last December, Japanese Prime Minister Fumio Kishida announced the most ambitious expansion of military power in Japan since the creation of the country’s Self-Defense Forces in 1954. Japanese defense ...More

EJ Insight2023-02-06

Only the US Congress can stop Ukraine from winning

Helping Ukraine win its war against Russia is essential for European and global security. The good news is that the United States and its allies have recently taken two major strategic steps in the ri ...More

EJ Insight2023-02-03

Too soon for global optimism

Many of those who attended this year’s meeting of the World Economic Forum in Davos were struck by the jubilant mood of the CEOs in attendance. It was hard to reconcile the optimism of these business ...More

EJ Insight2023-02-02

Realism about techno-optimism

Technology will save us! No, it won’t! Whenever the climate-policy debate addresses specific economic sectors, potential carbon-abatement technologies, or energy strategy, the same fundamental questio ...More

EJ Insight2023-02-01

The poverty of anti-capitalism

Our world has become both confusing and confused. The international economy works well, but the political economy is mired in hostility toward markets, frustration at globalization, and skepticism abo ...More

EJ Insight2023-01-31

How not to fight inflation

Despite favorable indices, it is too soon to tell whether inflation has been tamed. Nonetheless, two clear lessons have emerged from the recent price surge. First, economists’ standard models – especi ...More

EJ Insight2023-01-30

Helping middle-income energy exporters kick fossil-fuel habit

The ongoing volatility in oil and gas markets has come as a shock to many people across the developed world. But its impact on developing countries that rely on producing fossil fuels has been far wor ...More

EJ Insight2023-01-30

演算法下的同理心

事後看來,2022年將被視為人工智能贏得街頭公信力的一年。總部位於三藩市的研究實驗室OpenAI發表的Chat ...全文

名家論壇Project Syndicate2023年01月27日

The multilateral financing paradox

Multilateral development banks (MDBs) have become the darling of policymakers nowadays. In a recent speech, US Treasury Secretary Janet Yellen called on the World Bank and other international lenders ...More

EJ Insight2023-01-27

The second green revolution will be digitized

Farming is one of the world’s oldest and most far-reaching endeavors. Meeting the growing food demands of the global population – projected to reach ten billion by 2050 – amid accelerating climate cha ...More

EJ Insight2023-01-25

Why this debt-ceiling fight is different

The United States has reached its statutory debt limit of $31.4 trillion. As Washington gears up for yet another partisan showdown over whether to raise the debt ceiling, with congressional Republican ...More

EJ Insight2023-01-24

Sleepwalking on megathreat mountain

A host of interconnected “megathreats” is imperiling our future. While some of these have been long in the making, others are new. The stubbornly low inflation of the pre-pandemic period has given way ...More

EJ Insight2023-01-20

China’s autocracy in crisis

Until fairly recently, Chinese President Xi Jinping touted his zero-COVID policy as proof that authoritarian one-party states like China are better equipped to deal with pandemics (or any other crisis ...More

EJ Insight2023-01-18

A better year for stock markets?

Although it has been almost a decade since I gave up a full-time job in finance, markets – and market oddities – still fascinate me, especially when they send signals that run against a widely held co ...More

EJ Insight2023-01-17

人工智能也有同理心嗎

2022年可被視為人工智能贏得街頭公信力的一年。總部位於美國三藩市的研究實驗室OpenAI發布的ChatGPT ...全文

今日信報時事評論Barry Eichengreen2023年01月16日

A US Inflation Reduction Act for Europe

The United States’ recently enacted Inflation Reduction Act (IRA), which includes hundreds of billions in federal subsidies for green technologies and renewable energies, marks a long-overdue shift in ...More

EJ Insight2023-01-12

Sympathy for the algorithm

With hindsight, 2022 will be seen as the year when artificial intelligence gained street credibility. The release of ChatGPT by the San Francisco-based research laboratory OpenAI garnered great attent ...More

EJ Insight2023-01-12

An annual check-up for the climate movement

2022 was a tumultuous year in many ways. While climate-related shocks became even more prevalent and severe, Russia’s invasion of Ukraine triggered a global energy crisis that continues to affect mill ...More

EJ Insight2023-01-06

Peak China?

The failure of China’s zero-COVID policy is leading to a reassessment of Chinese power. Until recently, many expected China’s GDP to surpass that of the United States by 2030 or soon thereafter. But n ...More

EJ Insight2023-01-06

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